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Teamsters Put LIC Development Site Near 5 Points On The Market

Published on Feb 17, 2015
| posted by Carolina Bergara

A local affiliate of the International Brotherhood of Teamsters labor union is looking to sell a development site near 5Pointz in Long Island City that
offers just shy of 76,000 buildable square feet, The Real Deal has learned. The union is asking $29 million.

The lot, which Pinnacle Realty’s Decio Baio and David Junik are marketing as an opportunity to build an apartment building with ground-floor retail, is
zoned for both commercial and residential use.